Unsecured Financing.

No Collateral. Maximum Support

KEY BENEFITS.

No Collateral

Flexible Repayment

Quick Approvals

Institutions WE WORK WITH.

What is AN UNSECURED LOAN?

An unsecured business loan is a loan that a business can take out without pledging collateral. The lender assesses the borrower’s credit history and income to determine if they are eligible for the loan.

Types of Unsecured Loans We Offer.

1. Short Term Loan

A term loan is a loan where a borrower receives a fixed amount of money to repay over a set period.

2. Dropline Overdraft

A dropline overdraft (DLOD) is a line of credit that allows you to overdraw from your current account up to a certain limit. The limit decreases each month until the loan term ends.

OUR PROCESS.

CGTMSE LOAN.

A CGTMSE loan is a collateral-free loan for micro and small enterprises (MSEs). The Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) was established by the Government of India to provide this scheme.

Both new & existing companies are eligible for the scheme.
The CGTMSE provides a guarantee cover for credit facilities that are not backed by collateral or third-party guarantees.
MSME units such as Individuals/Proprietorship, LLP, Partnership, Private Limited Company or registered company are eligible to be covered under the scheme.
The Maximum Limit given under this facility is up to Rs 5 crores.
Company’s Reserves should be positive & Financials should show Profit Stage.
Credit Facility like Term loan, Cash Credit, Overdraft is provided under CGTMSE.
Several banks in India offer loans backed by the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE), including public and private sector banks, and regional rural banks. Some key banks offering CGTMSE-backed loans include Bank of Baroda, HDFC Bank, ICICI Bank and State Bank of India.

THE BLUCREST ADVANTAGE.

Managing business financial needs without security is now easier with BLUCREST’s Unsecured Loan solutions. Whether you need funds for expansion, or working capital requirements, our unsecured loans offer a simple and fast financing option without pledging assets.

Trusted Financial Partner

Years of expertise in business & personal financing

Fast & Easy
Process

No lengthy paperwork, quick disbursals

Lowest
Interest Rates

Competitive pricing based on creditworthiness

Wide
Loan Options

Tailored solutions for different financial needs

WHAT'S IN IT FOR YOU.

No Collateral Required

No NOC Required

Good for MSMEs

Quick Approvals

Flexible Loan Amounts

Easy Repayment Options

Use Funds for Any Purpose

Competitive Interest Rates

FAQS.

Here are some FAQs to help you understand our offering better.

1. What is the basic criteria for Unsecured Loans?

The borrower’s / Corporate credit score may be required to be above 700
The borrower’s age may be required to be less than 70 years
The business may be required to have been operational for a minimum number of 3 years
The business may be required to have a minimum turnover of 1 crore

2. Is there NOC requirement from existing working capital banker?

No, there is no need of NOC from present Working Capital banker

3. Is there an alternate account to be opened for this credit facility?

No, for Term Loan Disbursements there is no account to be opened, however in DOD disbursements a virtual account is created.

4. What are the required documents?

Last 12 Months Banking & GST Returns
Individual & Corporate KYC
Audited Financials of last 2 years

5. Does CIBIL play a vital role in this type of funding? Also, what is the CIBIL range required?

Yes, the borrower’s/Corporate credit score may be required to be above 700.

6. What are the products involved under CGTMSE? Can startup companies apply for CGTMSE?

Credit Facility like Term loan, Cash Credit, Overdraft is provided under CGTMSE. Startup Companies with more than 3 years business can apply.

7. What are the basic Terms & Conditions related to such program?

Funding is restricted to the Bank/NBFC policy upto 1 crore
In case Borrower has higher requirements, multiple lenders are involved
Interest Rates & Charges – Starts from 14.50% pa onwards, goes upto 22.00% per annum depending on the file & past CIBIL record. A nominal processing fee & insurance of 0.50% to 2.00%

8. What is the maximum funds limit availed under the CGTMSE Plan?

Upto Rs 5 crores.

9. Is there any foreclosure charge to close unsecured loans?

Yes, it depends on the Bank/NBFC’s policy and can range from 2-5% on the outstanding amount.

10. Is personal guarantee of the Directors required?

Yes, as the Directors play major role of running the business.

11. What is Unsecured Term Loan & Dropline Overdraft Facility?

Short Term Loan – A term loan is a loan where a borrower receives a fixed amount of money to repay over a set period
Dropline Overdraft – A dropline overdraft (DLOD) is a line of credit that allows you to overdraw from your current account up to a certain limit. The limit decreases each month until the loan term ends.

12. What is the minimum shareholding requirement of the Directors/Partners?

A total of 51 % shareholding of Directors is required.

13. How do I avail of this service from BLUCREST?

To request services, contact BLUCREST through our website, email, or customer service for an initial consultation and process initiation.

Contact Us.

To know more about our services, contact us and schedule a free consultation with our team.

Unsecured Financing.

KEY BENEFITS.

No Collateral

Flexible Repayment

Quick Approvals

Institutions WE WORK WITH.

What is AN UNSECURED LOAN?

Types of Unsecured Loans We Offer.

OUR PROCESS.

CGTMSE LOAN.

THE BLUCREST ADVANTAGE.

Trusted Financial Partner

Fast & Easy Process

Lowest Interest Rates

Wide Loan Options

WHAT'S IN IT FOR YOU.

No Collateral Required

No NOC Required

Good for MSMEs

Quick Approvals

Flexible Loan Amounts

Easy Repayment Options

Use Funds for Any Purpose

Competitive Interest Rates

FAQS.

Contact Us.

Fast & Easy
Process

Lowest
Interest Rates

Wide
Loan Options